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Overall Rating

4 out of 5 Stars

Morningstar has awarded this fund 4 stars based on its risk-adjusted performance compared to the 897 funds within its Morningstar Category.

How is it determined?

A fund's Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. Please see the ratings tab for more information about methodology.

3 Yr

Out of
897
funds

5 Yr

Out of
695
funds

10 Yr

Out of
352
funds

What does it mean?

A fund's Morningstar Rating is a quantitative assessment of a fund's past performance that accounts for both risk and return, with funds earning between 1 and 5 stars. As always, this rating system is designed to be used as a first step in the fund evaluation process. A high rating alone is not sufficient basis upon which to make an investment decision.

Returns

LOWAVGHIGH

Average

This fund scores Average because it delivered returns that were in the middle 35% when compared to other funds within its Morningstar category.

How is it calculated?

This rating is based on a fund's Morningstar Return (its annualized return in excess to the return of the 90-day U.S. Treasury bill over a three-, five-, or ten-year period). The Morningstar Returns in each category are then scored against each other on a bell curve. In each Morningstar Category:– top 10% - High– next 22.5% - Above Average– middle 35% - Average– next 22.5% - Below Average– bottom 10% - Low

What does it mean?

While past performance is no guarantee of future results, the Morningstar Return shows how the fund has done in the past in comparison to similar funds in its peer group. It does not, however, show the effects of risk.

Therefore, the Morningstar Return is most helpful when used in conjunction with the Morningstar Risk Score. For example, an investor could use these two scores when comparing between funds that have the same Morningstar Star Rating and similar Morningstar Risk Adjusted Returns but different levels of risk.

Expenses

LOWAVGHIGH

Above Average

This fund's expenses are rated as Above Average because they fall between the 60th and 80th percentiles when compared with other funds in the category.

How is it calculated?

This Morningstar data point compares the fund's net expense ratio to the net expense ratio of all the other funds within its Morningstar Category grouping.

What does it mean?

Excessive expenses can detract from overall returns and can be a drain on performance. While you should not base any investment decision entirely on expenses or expense ratios, a fund's expense structure may be one factor to consider.

Risk of this Type of Fund

LOWERHIGHER

Morningstar assigns a risk level to each of its mutual fund categories. These risk levels range from 1 for those funds with least amount of risk to 10 for those with the greatest amount of risk.

How is it calculated?

Morningstar calculates these risk levels by looking at the Morningstar Risk of the funds in the Category over the previous 5-year period. Morningstar Risk is the difference between the Morningstar Return, based on fund total returns, and the Morningstar Risk Adjusted Return, based on fund total returns adjusted for performance volatility. The Category Risk Level is based on the equal weighted average Morningstar Risk of the funds in the category. Morningstar's Research Committee evaluates the Category Morningstar Risk and assigns the Category Risk Level after further qualitative judgment.

What does it mean?

This score can help you understand the risk involved with a particular Morningstar category of funds, which may be helpful in evaluating the risk associated with a specific investment. The Category Risk Level is based on the equal weighted average performance of the funds in the category. It does not reflect the risk associated with any individual fund or the relative risk of a fund within a particular Morningstar category. Because the score is based on past performance, it may not reflect the future risk of the category. In addition to risk, you should evaluate a fund's investment objective, strategy, fees and other characteristics before making your investment decision.Learn more

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

American Funds Capital World Growth and Income Fund® Class F-1 (since 3/26/1993)

American Funds The New Economy Fund® Class A (since 2/1/2002)

American Funds EuroPacific Growth Fund® Class C (since 12/31/1991)

American Funds New World 529B (since 6/17/1999)

American Funds Europacific Growth 529A (since 12/31/1991)

American Funds Europacific Growth 529C (since 12/31/1991)

American Funds The New Economy Fund® Class R-2 (since 2/1/2002)

American Funds The New Economy Fund® Class B (since 2/1/2002)

American Funds New World Fund® Class F-1 (since 6/17/1999)

American Funds New Economy 529B (since 2/1/2002)

American Funds SMALLCAP World 529A (since 12/1/1991)

American Funds SMALLCAP World 529B (since 12/1/1991)

American Funds The New Economy Fund® Class R-2E (since 2/1/2002)

American Funds Capital World Growth and Income Fund® Class R-2E (since 3/26/1993)

American Funds New World Fund® Class R-5 (since 6/17/1999)

American Funds SMALLCAP World Fund® Class B (since 12/1/1991)

American Funds New World Fund® Class R-3 (since 6/17/1999)

American Funds SMALLCAP World 529F (since 12/1/1991)

American Funds New Economy 529F (since 2/1/2002)

American Funds SMALLCAP World Fund® Class F-1 (since 12/1/1991)

American Funds The New Economy Fund® Class R-1 (since 2/1/2002)

American Funds Capital World Gr&Inc 529B (since 3/26/1993)

American Funds Capital World Gr&Inc 529C (since 3/26/1993)

American Funds SMALLCAP World Fund® Class R-2 (since 12/1/1991)

American Funds Europacific Growth 529E (since 12/31/1991)

American Funds New Economy 529A (since 2/1/2002)

American Funds Capital World Growth and Income Fund® Class R-5 (since 3/26/1993)

American Funds Capital World Growth and Income Fund® Class R-6 (since 3/26/1993)

American Funds SMALLCAP World Fund® Class A (since 12/1/1991)

American Funds Capital World Growth and Income Fund® Class R-4 (since 3/26/1993)

International Equity Fund (since 12/31/1991)

American Funds Capital World Growth and Income Fund® Class A (since 3/26/1993)

American Funds New World Fund® Class B (since 6/17/1999)

American Funds Capital World Gr&Inc 529E (since 3/26/1993)

American Funds Capital World Growth and Income Fund® Class R-2 (since 3/26/1993)

Funds Previously Managed

American Funds New Perspective Fund® Class C

American Funds The New Economy Fund® Class R-3

American Funds New Perspective F2

American Funds New Economy 529F

American Funds New Perspective Fund® Class R-5

American Funds New Perspective Fund® Class F-1

American Funds The New Economy Fund® Class F-1

American Funds New Perspective 529A

American Funds New Perspective 529E

JHVIT American Global Sm Cap Tr Ser II

American Funds New Perspective Fund® Class R-6

American Funds The New Economy Fund® Class C

American Funds New Perspective 529C

American Funds New Perspective Fund® Class R-2

American Funds The New Economy Fund® Class R-2

American Funds New Economy 529A

JHVIT American Global Sm Cap Tr Ser III

American Funds New Economy F2

American Funds The New Economy Fund® Class R-4

American Funds New Perspective Fund® Class B

American Funds The New Economy Fund® Class B

American Funds The New Economy Fund® Class R-5

Global Equity Fund

American Funds The New Economy Fund® Class R-6

American Funds New Perspective 529B

American Funds The New Economy Fund® Class R-1

American Funds New Perspective Fund® Class R-4

American Funds New Perspective 529F

American Funds New Perspective Fund® Class A

American Funds The New Economy Fund® Class A

American Funds New Perspective Fund® Class R-3

American Funds New Economy 529C

American Funds New Economy 529E

American Funds New Perspective Fund® Class R-1

American Funds New Economy 529B

JHVIT American Global Sm Cap Tr Ser I

Education

MBA, Columbia University

BS, London School of Economics

Fund Overview

Objective

The investment seeks long-term growth of capital while providing current income.

Strategy

The fund invests primarily in common stocks of well-established companies located around the world, many of which have the potential to pay dividends. It invests, on a global basis, in common stocks that are denominated in U.S. dollars or other currencies. Under normal market circumstances, the fund invests a significant portion of its assets in securities of issuers domiciled outside the United States. The fund may also invest in issuers in developing countries.

Risk

Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of which may be magnified in emerging markets. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. Additional risk information for this product may be found in the prospectus or other product materials, if available.

Additional Disclosures

A mutual fund registered under Capital World Growth & Income Fund Inc, and managed by Capital Research and Management Company. This description is only intended to provide a brief overview of the fund. Read the fund's prospectus for more detailed information about the fund.

Except for Life of Fund returns, the analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class's actual inception of 03/15/2000. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 03/26/1993, adjusted to reflect the fees and expenses of this share class (when this share class's fees and expenses are higher.) Please refer to a fund's prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself.

American Funds Capital World Growth and Income Fund® Class B
(Load Adjusted)

-1.01%

10.39%

5.95%

5.18%

5.46%

World Stock

1.59%

10.40%

7.14%

4.72%

--

Life value above represents the life of the share class starting 3/15/2000.

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Online Transaction Fees: $49.95 for most funds. Certain funds will have a transaction fee of $75. To identify any applicable transaction fees associated with the purchase of a given fund, please refer to the "Fees and Distributions" tab.

A sales charge added to the price of the fund. Funds have different sales charge structures, including front-end loads, back-end loads (deferred), and no loads. Sales loads can either be charged when a fund is purchased, commonly known as a front-end load, or when a fund is sold, known as a deferred load. Not all funds charge a load. Refer to the Loads, Expense and Minimums section of the fund's prospectus for details on these amounts. Although no load funds do not have a front-end or deferred load, they may incur other fees, such as a 12b-1 fee.

2. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated and are cumulative if the fund is less than one year old. Total returns do not reflect the fund's [%] sales charge. If sales charges were included, total returns would have been lower. Except for Life of Fund returns, the analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class's actual inception of 3/15/2000. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 3/26/1993, adjusted to reflect the fees and expenses of this share class (when this share class's fees and expenses are higher.) Please refer to a fund's prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself.

3. The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown. This average assumes reinvestment of dividends.

4. This chart illustrates the performance of a hypothetical $10,000 investment made in this investment product (and a benchmark or category average, if shown) from the beginning date shown or on the inception date of the product (whichever is later). The inception date used for products with underlying funds, or multiple shares classes, or are offered as a separate account, strategy or sub account, may be the inception date of the underlying fund, the earliest share class of the product, or the date composite performance for the product was first made available. The product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. It is not possible to invest in an index. Past performance is no guarantee of future results. This chart is not intended to imply any future performance of the investment product.

5. Initial minimum investments into group retirement accounts such as Fidelity Simplified Employee Pension-IRA, Keogh, Self-Employed 401(k), and Non-Fidelity Prototype Retirement accounts are $500 or higher. Additional investments into Regular, IRA, and Group accounts are $250 or higher.

6. A standard yield calculation developed by the Securities and Exchange Commission for bond funds. The yield is calculated by dividing the net investment income per share earned during the 30-day period by the maximum offering price per share on the last day of the period. The yield figure reflects the dividends and interest earned during the 30-day period, after the deduction of the fund's expenses. It is sometimes referred to as "SEC 30-Day Yield" or "standardized yield".

7. Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated and are subject to change at any time. They may not be representative of the fund's current or future investments. Some breakdowns may be intentionally limited to a particular asset class or other subset of the fund's entire portfolio, particularly in multi-asset class funds where the attributes of the equity and fixed income portions are different.

Under the asset allocation section, international (or foreign) assets may be reported differently depending on how an investment options reports its holdings. Some do not report international (or foreign) holdings here, but instead report them in a "Regional Diversification" section. Some report them in this section as an to the equity, bond and other allocation shown. Others report international (or foreign) holding as a subset of the equity and bond allocations shown. If the allocation without the foreign component (or round to) 100%, then international (or foreign) is a subset of the equity and bond percentage shown.

Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Although Fidelity believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. Fidelity is not responsible for any damages or losses arising from any use of this third-party information.

Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.

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